Edition:
United States

Nautilus Minerals Inc (NUS.TO)

NUS.TO on Toronto Stock Exchange

0.14CAD
23 Sep 2016
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Nautilus Minerals named Gavin Vandervegt as acting Chief Financial Officer
Tuesday, 6 Sep 2016 05:47am EDT 

Nautilus Minerals Inc :Appointed Gavin Vandervegt as acting chief financial officer and corporate secretary of company.  Full Article

Nautilus obtains bridge financing and restructures Solwara 1 project delivery
Monday, 22 Aug 2016 07:48am EDT 

Nautilus Minerals Inc : Nautilus obtains bridge financing and restructures solwara 1 project delivery . Nautilus Minerals inc says has signed a subscription agreement with mawarid offshore mining ltd . Nautilus Minerals inc says purchasers have agreed to purchase such number of common shares of co that will raise gross proceeds of up to us$20 million . Additional funding required and in order to continue operating during financing period, co will implement a restructuring plan . Restructuring plan involves reducing company staff numbers by approximately 60% to maintain key resources required to implement . Nautilus Minerals inc says could be in a position to commence initial deployment and testing operations at solwara 1 project by end of q1 2019 .Staff reductions will include departure of co's executive management team by september 2, 2016, shontel norgate, cfo.  Full Article

Nautilus Minerals announces Q2 financial results
Monday, 15 Aug 2016 04:22pm EDT 

Nautilus Minerals Inc : Nautilus Minerals announces financial results for Q2 2016 . Has implemented certain measures aimed at preserving company's capital position . Measures include reducing workforce, terminating contracts for construction of seafloor production equipment in early development .Measures also include not entering into any new construction contracts until additional funding required is secured.  Full Article

Nautilus Minerals continues to consider alternative financing
Wednesday, 29 Jun 2016 06:05am EDT 

Nautilus Minerals Inc : Continues to consider alternative sources of financing to maintain development of Solwara 1 project and company's operations . Says failure to secure bridge financing and/or project financing may result in company taking various steps . Requires significant additional funding to complete build and deployment of seafloor production system at Solwara 1 project . Says various steps includes suspending or terminating development of seafloor production system and Solwara 1 project . Independent directors will be looking to engage a financial advisor to assist them . Steps also include engaging in various transactions including, without limitation, asset sales, joint ventures and capital restructurings . Says unable to determine extent of delay at this time .Nautilus minerals provides update.  Full Article

Nautilus Minerals chairman retires
Friday, 27 May 2016 07:45am EDT 

Nautilus Minerals Inc : A. Geoffrey Loudon has advised board that he is retiring . Appointed Russell Debney as interim chairman in place of Loudon . Board intend to embark upon recruitment process to appoint a new independent director to board following AGM .Nautilus Minerals chairman retires.  Full Article

Nautilus Minerals reports financial results for Q1 2016
Monday, 16 May 2016 08:30am EDT 

Nautilus Minerals Inc :Nautilus minerals announces financial results for Q1 2016.  Full Article

Nautilus Minerals Inc says files final prospectus for C$103 mln rights offering
Tuesday, 23 Feb 2016 04:32pm EST 

Nautilus Minerals Inc:Says files final prospectus for C$103M rights offering.Issuance of rights to subscribe for an aggregate of 686,666,666 common shares at a subscription price of C$0.15 per common share.  Full Article

Nautilus Minerals and State Nominee agree to extend option exercise date
Thursday, 11 Jun 2015 07:30am EDT 

Nautilus Minerals Inc:Says that it has agreed to extend by six months the exercise date of the options granted to its joint venture partner in the Solwara 1 Project.  Full Article

Nautilus Minerals Inc secures vessel cranes contract
Thursday, 9 Apr 2015 07:53am EDT 

Nautilus Minerals Inc:Secures order for cranes to be used on it's production support vessel, headquarter in Kristiansand, Norway.  Full Article

Nautilus Minerals Inc secures order for cargo handling equipment
Tuesday, 10 Mar 2015 09:17am EDT 

Nautilus Minerals Inc:Secures order for the cargo handling equipment to be used on it's production support vessel has been awarded to Bedeschi SPA.Says this state of art cargo handling system will be used on production support vessel to load dewatered material into four storage holds and is designed to recover material from storage holds and transfer it directly to handymax vessel for shipment of the material to China.Vessel is expected to be delivered by the end of 2017.  Full Article

BRIEF-Nautilus Minerals general investor update

* Nautilus Minerals general investor update Source text for Eikon: Further company coverage: